Showing posts with label Thomson Reuters. Show all posts
Showing posts with label Thomson Reuters. Show all posts

Monday, 13 October 2008

Thomson Reuters Launches Metals Initiative

Thomson Reuters today launched a web-based, interactive community that brings comprehensive information, research, analysis and professional networking tools to the global base metals marketplace. Thomson Reuters Metals Insider went live today at www.communities.thomsonreuters.com/basemetals with a community of approximately 6,700 professionals. Metals Insider is aimed at equipping the global base metals marketplace with the tools to gather in-depth information and collaborate with industry peers.

The launch of the base metals community follows Thomson Reuters acquisition in July 2008 of the business of Metals Insider, a free daily news and analysis service headed up by Andy Home, a highly respected commentator on the metals markets for 20 years. The Thomson Reuters community combines Metals Insider's informed market perspective and audience with comprehensive Reuters news and technology to provide a true community platform for the traders, fund managers, producers, fabricators and market analysts in the base metals market.

The Thomson Reuters Metals Insider community has free access to a base metals news archive as well as research, market reports, prices and data. Members can also sign up to a free email newsletter, providing a comprehensive daily update on developments in the base metals markets.

Metals Insider uses Web 2.0 technologies and features professional interaction and networking capabilities. Intuitive networking tools enable members to create a personal profile and link up with clients, suppliers, contacts and colleagues in the metals industry. Members can also tap into the community to ask questions, provide comments, post reports or up-load research, creating a unique interactive resource for metals professionals.

Mitchel Ingham-Barrow, Global Head of Metals and Minerals, Thomson Reuters, commented: "Thomson Reuters Metals Insider demonstrates our commitment to maximise the potential of professionals in the broader base metals community. It harnesses our world renowned news and data with technological innovation to give the base metals marketplace a competitive edge."
Features to be added to the Metals Insider platform include industry jobs, conferences and events. The existing set of free data from the London Metal Exchange is also set to be enhanced and complemented by prices from NYMEX and the Shanghai Futures Exchange.

Metals Insider was launched at LME Week, an important fixture in the global metals industry calendar, which opens today in London. The London Metal Exchange, which represents the vast majority of all non-ferrous base metals trading, achieved US $9,500 billion in monetary terms in 2007. Metals Insider complements Thomson Reuters professional base metals subscription services, Reuters 3000 Xtra and Reuters Trader for Commodity, which offer even deeper news, market coverage and analytical capabilities.

Friday, 10 October 2008

CME and Reuters to Close FXMarketSpace

CME Group and Thomson Reuters today announced that they will take steps necessary to close FXMarketSpace, the 50/50 joint venture company they introduced in May 2006. All trading on the platform will be suspended at the close of business on 17 October, 2008. During the coming months, CME Group and Thomson Reuters will work closely with FXMarketSpace to ensure an orderly wind down of existing business operations.

Both CME Group's FX futures business and Thomson Reuters FX Spot Matching services continue to reflect strong growth in their respective product lines. CME Group and Thomson Reuters remain committed to offering innovative solutions to the rapidly-growing OTC FX market, and the two companies will explore working together to pursue clearing and operational efficiencies for their customers.

Tuesday, 16 September 2008

TechCrunch50 Award for StockMood

TechCrunch50 concluded on Wednesday, September 10, 2008 with StockMood.com winning the Thomson Reuters Award for news-based technology. StockMood.com, a website created by Quant the News, LLC, is a stock trading guidance system that uses artificial intelligence to analyze news-influenced "sentiment" expressed toward stocks, and to correlate this sentiment with price changes.

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals, and one of the sponsors of TechCrunch50.

"We are honored to receive the Thomson Reuters award. We've put in a lot of work over the last year and it's very fulfilling to see our efforts recognized in this way," comments Quant the News, LLC CEO Brett Markinson. "What we discovered at TechCrunch50 was that there is a huge appetite out there for in-depth quantitative information about the effect of news on stock price. In the past this kind of information has only been available to hedge funds and institutional investors, but with StockMood.com, we're bringing it to the everyday investor."

StockMood.com launched in a private beta on Monday, September 8th at the start of the TechCrunch50 conference and feedback from the initial users was overwhelmingly positive.

Quant the News, LLC Chief Science Officer Dr. Ben Goertzel explains, "It's clear from the initial reactions to the website that ordinary stock investors have a huge interest in this kind of information. We're getting a lot of excited reactions and also, as expected with any new product, a lot of feature requests... Clearly the adventure of StockMood.com is just beginning, but thanks to TechCrunch50 we're off to an excellent start."

In addition to StockMood.com's stock "sentiment" analysis, the website offers unique attributes. One example is its "crowdsourcing" approach, which allows for improvement of its AI's classifications. For example, if the AI classifies an article as positive but the user thinks it is negative, then the user can enter a correction. Then, if the AI considers the user reliable, it will incorporate the user's correction to help guide future judgments.

Friday, 5 September 2008

BNY ConverEx Group Alliance with Thomson Reuters

BNY ConvergEx Group, LLC, has entered into a strategic alliance with Thomson Reuters,to provide Thomson Reuters clients access to ConvergEx's execution and liquidity management capabilities. As part of the agreement, Thomson Reuters will become a preferred market data provider for ConvergEx clients, and ConvergEx will become a preferred broker for Thomson Reuters clients.

As a leading global agency brokerage, ConvergEx delivers multi-asset class strategies and tools for world-class execution on every major exchange, seamless connectivity to global markets, and anonymous sourcing of deep liquidity. The ConvergEx liquidity and execution management offering includes the VortEx(SM) dark liquidity pool; ConvergEx Cross(SM), a sophisticated block crossing engine; a complete set of performance-enhancing global algorithms; TactEx, which is a comprehensive suite of advanced DMA order types for accessing both displayed and non-displayed liquidity in the US; and Perform-Ex(SM), a web-based transaction cost analysis platform. The alliance will also allow Thomson Reuters clients to draw on ConvergEx's market-leading commission management and research solutions to help them get maximum value from their commission spend.

Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Thomson Reuters is a recognized leader in providing world-class financial information products to the institutional investor community and we are very excited about the many significant benefits that this partnership is going to bring to our clients."

"Thomson Reuters delivers to customers unparalleled industry expertise, combined with innovative technology -- this is our focus," said Chris Perry, President, Thomson Reuters Americas Markets Division. "ConvergEx, with its leading trading technology solutions, substantially extends our ability to further deliver value to clients through content, analytics and market liquidity solutions."